This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ford and Chrysler Post January Gains but GM Falls Back (Update 1)

DETROIT ( TheStreet) -- Ford (F - Get Report) said January sales rose 7%, while Chrysler sales rose 44%, but GM (GM - Get Report) reported a 6% decline as it cut incentive spending.

The results from the Detroit Three were roughly in line with expectations, although Chrysler's sales were somewhat higher than the 34% sales gain forecast by Overall, U.S. light vehicle sales are expected to gain 6% to 7% in January.
2012 Ford Focus

Ford said it sold 136,710 vehicles. Focus was Ford's hot car, with sales up 60% to 14,400 vehicles. Sales of the F-Series, the best-selling U.S. vehicle, rose 8% to 38,493 units. Sales of the Escape utility rose 24% to 17,259 units.

Losers included Lincoln brand, where sales fell 8% to 5,121 units; Fusion, with a 5% decline to 13,614 units; and Fiesta with an 18% decline to 3,502 units.

"Last month we saw a shift in the industry to smaller passenger cars and small utilities," said Erich Merkle, Ford sales analyst, on the company's sales call. "The long-term secular trend of Americans moving to smaller vehicles continues to remain intact. He said Fiesta lost ground as small-car buyers moved to Focus. "There's going to be cross-shopping on any dealer lot," he said.

GM reported total sales of 167,962 vehicles in the United States as Chevrolet passenger car sales gained 13%.

"Chevrolet drove our performance once again and sales of our fuel-efficient new cars were especially good," said Don Johnson, vice president, U.S. sales operations, in a prepared statement. "The strength that the economy and the auto industry showed in the fourth quarter carried into January, so we believe the year is off to a good start."

Chrysler said its January sales of 101,149 units was its best January sales total since 2008 and marked its 22nd consecutive month of year-over-year sales gains and its eighth consecutive month of sales gains of at least 20%.

Chrysler brand sales rose 81% as sales of the Chrysler 300 rose 273% to 4,960 units while sales of the new Chrysler 200 totaled 7,007 units.

Meanwhile, Jeep brand sales rose 37% as Wrangler sales rose 23% to 7,896 units and Grand Cherokee sales rose 40% to 10,683 units. Dodge brand sales gained 29% and Ram Truck brand sales rose 42% to 18,470 units.

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

>To follow the writer on Twitter, go to

>To contact the writer of this article, click here: Ted Reed

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
F $13.56 0.00%
GM $31.80 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs